Curtis Wynne/News-Sun Burkes Outlet will soon open in two Lea County locations. The apparel and accessories retail store plans ribbon cuttings at the Lovington Square on May 5 and at the Broadmoor Mall in Hobbs on June 2. Grand openings at 9 a.m. will immediately follow the 8:45 a.m. ribbon-cutting ceremonies each day at each location. Lovington Mayor David Trujillo …

Chris Phelan/Wealth of Geeks Inflation has taken over nearly every aspect of U.S. consumerism, and gas prices are no exception. The average price of a gallon of gas in the U.S. is at an all-time high of $4.43, significantly above the previous record of $4.11 set in 2008. Certain parts of the country are experiencing even higher prices: drivers in …

By STAN CHOE and ALEX VEIGA AP Business Writers NEW YORK (AP) — Technology companies led stocks broadly higher on Wall Street Tuesday, as oil prices slid sharply for the second day and inflation worries ebbed. The market rally came a day ahead of the Federal Reserve’s highly anticipated interest rate policy update. The S&P 500 rose 2.1%, ending a …

ALBUQUERQUE (AP) — New Mexico regulators started deliberations Thursday on another set of rules proposed by Gov. Michelle Lujan Grisham’s administration to crack down on pollution across the oil and natural gas sector. Their discussions came amid a rekindled national debate over domestic production as concerns grow over instability in the global energy market. The proposal before the state Environmental …

EXPLAINER: What does a US ban on Russian oil accomplish? By CATHY BUSSEWITZ and MATTHEW DALY Associated Press NEW YORK (AP) — With Russia intensifying its war on Ukraine, killing civilians and triggering a mass refugee crisis, President Joe Biden on Tuesday announced a U.S. ban on imported Russian oil. Critics of Russia have said that sanctioning its energy exports …

Nations agree to release 60M barrels of oil amid Russian war By DAVID McHUGH AP Business Writer FRANKFURT, Germany (AP) — The International Energy Agency’s 31 member countries agreed Tuesday to release 60 million barrels of oil from their strategic reserves — half of that from the United States — “to send a strong message to oil markets” that supplies …

Companies face penalties for well violations in New Mexico SANTA FE, N.M. (AP) — State oil and gas regulators have issued notices to two companies for violating their permits for wastewater injection wells in southeastern New Mexico. The Oil Conservation Division said Tuesday that the civil penalties include more than $2 million against XTO Permian Operating for violations at four …

Gabrielle Arsiaga/News-Sun The City of Hobbs has approved the first cannabis dispensary in city limits. Bryan’s Green Care started their application process in 2014 to produce and sell cannabis to medical patients and was denied by the state because the number of state licenses were at the limit. The business got approved to grow and sell to recreational consumers and …

Gabrielle Arsiaga/News-Sun The City of Hobbs has approved the first cannabis dispensary in city limits. Bryan’s Green Care started their application process in 2014 to produce and sell cannabis to medical patients and was denied by the state because the number of state licenses were at the limit. The business got approved to grow and sell to recreational consumers and …

BELFORT, France (AP) — France plans to build six new nuclear reactors and to extend the life of its existing nuclear plants as part of the country’s strategy to reduce the greenhouse gas emissions that cause global warming, French President Emmanuel Macron said Thursday. Macron said the construction work would start around 2028 so the first new reactor can be …